Any wise property developer aims to get the most out of any subdivision project. When considering medium-density subdivisions, this means minimising costs while maximising results.
In a competitive market, this is a key method of creating an excellent return on investment. However, when developers everywhere are becoming more and more creative and clever with their planning, it’s vital to find a way to create affordable designs that are still suited to the location, environment, and physical constraints.
These are our top tips for turning your medium-density subdivisions into modern, attractive homes with a high return on investment.
When you consider a subdivision, the simplest way to minimise your costs is to fit as many units into the space as possible.
While 10 spacious units could demand a higher price each, 20 smaller units could generate greater returns through individual sales.
Floor plan sizes can have a large impact on the value of each unit, making it an important consideration for property developers when making early decisions about how to create a subdivision.
The difference between 75 square metres and 150 square metres can be huge for eventual buyers, so developers can think about one- and two-storey units to add floor space and therefore optimise the potential for greater revenue.
A subdivision’s success is largely down to the planning and implementation of the units and properties themselves, and for that to happen, the initial road layout must allow for optimal results.
At ASAP Plans we concept road design layouts. It is up to the surveyor to approve them, however, we are heavily involved in the concepts to provide the surveyor with a design that creates the right space for meeting developer requirements.
Once a developer knows the direction they want to go in in terms of floor plans and the number of units, it’s time to start working with designs. When designing from scratch, this step of the process can be lengthy, and importantly, it can cut into a tight budget and eat into potential profits down the track.
One option is to use existing designs. This can free up a lot of time and budget, as it comes down to selecting designs that fit the brief rather than beginning from scratch.
Not only are existing designs faster and more affordable than bespoke residential blueprints, developers can opt for designs that have already been proven to obtain consent. This removes another step from the process, speeding up the final delivery dates and keeping the budget to a minimum.
The final bonus of proven plans is that they have also been tried and tested in real-world scenarios. Developers can see the results of these plans in the flesh, and see how well they respond to different environments and living scenarios. This adds an extra element of value for both developers and those who will eventually call these properties home.
ASAP Plans provides residential property developers with designs and plans for medium -density subdivisions. These plans have already once obtained building consent, and are proven to thrive in numerous locations throughout New Zealand. There is a diverse array of designs to choose from, ensuring developers aren’t confined to a small number of residential options that don’t quite fit the bill.
Our understanding of designs and planning can add a wealth of knowledge to any project, ensuring our service is as helpful and beneficial as it is speedy and affordable.